All Property Week articles in 28 February 2020 – Page 4
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Online
RICS must update its valuation methods if it wants to remain relevant
RICS’ move to regain any lost public trust in the chartered surveying profession is of course to be warmly welcomed. However, in focusing only on public trust, RICS is at risk of ignoring (and losing) the trust of the wider property industry.
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Online
Heathrow third runway appeal lands in Supreme Court
UK developer the Arora Group is appealing a judgment to the UK’s Supreme Court after the ruling found plans for a third runway at Heathrow Airport are illegal.
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Online
Property Industry Alliance reveals best-practices framework
The Property Industry Alliance has revealed its best-practices framework as it commits to supporting an accountable real estate industry.
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Online
CMA finds evidence of misconduct in leasehold selling
According to the Competition and Markets Authority (CMA), there is evidence of leasehold homeowners being unfairly treated and misled by housing developers.
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Online
Naming and shaming building owners won’t help residents
This week began with an open invitation made directly to government from residents, property managers and buildings owners to get around the table and fix the cladding crisis. Instead of answering this call, the Government chose to deflect.
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Online
Foxtons expects another challenging year as sales fell again in 2019
Troubled London estate agent Foxtons has warned of another challenging year for the group despite almost halving pre-tax losses last year.
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News
US hedge fund to sell NCP portfolio
US hedge fund Davidson Kempner Capital Management has appointed agents to offload its portfolio of NCP car parks, Property Week can reveal.
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News
Fears for retail values if intu fundraise fails
Analysts fear hit to retail values if intu’s bid to raise more than £1.3bn fails
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Insight
Building with the planet in mind
Having supported the launch of the National Infrastructure Commission’s report this month setting out the UK’s first design principles for infrastructure around climate, people, places and value, I have to wonder what role we as built environment professionals should have around the environmental, social and corporate governance agenda. The answer, ...
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News
Turning the Big Apple green: interview with John Mandyck
John Mandyck, chief executive of New York’s Urban Green Council, is working on a revolutionary real estate carbon trading system that could help New York and other cities slash emissions.
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News
CMBS noteholders agree to cut losses
Concern about commercial property outlook prompts decision to sell for £120m.
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News
Knotel will consider IPO after next fundraising round
Knotel co-founder and chairman Edward Shenderovich has indicated that the flexible officer provider will consider a stock market listing after its next fundraising.
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News
How CMA’s open letter on restrictive covenants will affect grocers
The CMA has found that Tesco’s use of restrictive covenants preventing rivals from opening outlets near its stores is unlawful.
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News
Leeds bucks fall in flexible office rates across ‘big six’ locations
Leeds is the only city in the UK’s big six that has witnessed a rise in flexible office desk rates in the past year, reveals new data from serviced office search engine Free Office Finder.
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News
Investec agrees £35m loan to fund King’s Cross resi tower
The 22-storey residential scheme known as Brill Place is the first for the Paladin LBS UK Residential Fund
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Information
Property Week Digital Edition – 28 February 2020
Will Coronavirus affect Mipim? – Interview with chief executive of New York’s Urban Green Council – East of England markets – Freehold promotes LGBT equality
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News
Strettons’ total at first auction of year down £2.4m on 2019
Auction house raises total of £6.4m and sells 31 lots offered in 58-lot catalogue, reflecting 54% success rate.
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News
Knotel says London revenues will rise from $50m to $1bn
Flex office firm’s co-founder has big plans for London but has slowed pace of growth in wake of WeWork woes
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News
Could Cannes be canned?
The fear surrounding coronavirus is spreading faster than the virus itself – and could ultimately have more serious implications.
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News
Tower plans spark Norwich row
Campaigners are fighting a last-ditch battle to derail Anglia Square scheme.